Is Brownsburg, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brownsburg is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Brownsburg has remained a Seller's Market.

Key Takeaway

Brownsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Brownsburg, IN

How much do homes in Brownsburg, IN cost?

Median Sold Price

$365,000

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$55,000(+17.7%)

Key Takeaway

Homes in Brownsburg have sold for 17.7% more than they did a year ago.

Summary: The median home sold price in Brownsburg was $365,000 in May 2024, up 17.7% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$137K
N/A
2 $220K$269K
+22.3%
3 $280K$305K
+8.9%
4 $387.5K$420K
+8.4%
5+ $475K$462K
-2.7%

Summary: Brownsburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 2.7%.

Median Sold Price Compared To Nearby Cities

Brownsburg
+17.7%
Pittsboro
+6.1%
Brown Township
+5.7%
Lincoln Township
+5.5%
Middle Township
+4.5%

Housing Supply in Brownsburg, IN

How many homes are available in Brownsburg, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
177185+4.5%

Summary: The Brownsburg real estate market had 185 homes for sale in May 2024, a 4.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 2122
+4.8%
3 6979
+14.5%
4 5759
+3.5%
5+ 2924
-17.2%

Summary: The Brownsburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 17.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4349+14.0%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brownsburg, you may be able to get a good deal. 44.9% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in Brownsburg in May 2024, up by 14.0% month-over-month. Of the 49 sold homes, 45% were sold under asking, 31% were sold at asking, and 24% were sold over asking.

Days on Market for Brownsburg, IN

How long does it take to sell a home in Brownsburg, IN?

Average Sale Time

May 2023May 2024CHANGE
26 Days23 Days-12.5%

Summary: Homes in Brownsburg had an average of 23 days on market in May 2024, down by 12.5% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brownsburg are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 49 homes were sold in Brownsburg; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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